Forex Trading - Making Big Gains with Scientific Theories

By : Monica Hendrix
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As human nature repeats itself over time so do market movements and a number of scientific theories have been developed to help traders make big gains consistently and here we will look at them and how they can help you.

Let's start with a fact

If markets were scientific then we would all know the price in advance and there would be no market - it is the unpredictability of market behaviour that makes a market move.

So if markets are not moving to a scientific theory its pretty obvious that no scientific theory will work but its not all bad news you can make money which we will return to in a moment.

Popular Scientific Theories

The king of the scientific theories is Elliot Wave (and we will ignore the fact he died poor and never made any money with it) its not scientific you have to decide what to do! This means its subjective and not a scientific theory at all.

You do however get objective advice with the Fibonacci number sequence.

This says markets retrace by certain percentages and you can trade off these levels - Try it and see how quickly you get wiped out.

This theory always amuses me as it was not designed to be applied to financial markets it was devised to solve a theory to do with the copulation of rabbits in the 12th century!

There are many more but apart from the fact they don't work you have to wonder if anyone had found the key to market prediction with science, why they would sell it for a few hundred bucks on the internet!